Global Machine Vision Camera for Industrial Market Report, History and Forecast 2017-2028
Summary
Market Analysis and Insights: Global Laser Cladding Material Market
Laser cladding is a process in which a metal coating is applied onto the surface of a part using a laser as the heat source. The process is often used to create a protective coating for increased functionality, as well as restore damaged or worn surfaces. Laser cladding allows extended life of equipment and machinery in which parts are exposed to corrosion, wear or impact. For example, the construction equipment industry applies this technology to their products to increase wear resistance and keep equipment in service longer.
According to our research,the global Laser Cladding Material market was valued at US$ 223.53 million in 2021 and will reach US$ 380.27 million by the end of 2028, growing at a CAGR of 7.51% during 2022-2028. The adoption of modern and efficient material hard facing and coating technologies will be one of the major factors that will have a positive impact on the growth of the global laser cladding equipment market in the coming years. The adoption of laser cladding process is high in end-user industries such as oil and gas, mining, automotive, aerospace, and agriculture due to its advantages including lower design flaws and high productive efficiency and is extensively used in surface treatment and hard facing applications. The adoption of laser cladding is rapidly replacing conventional technologies such as high-velocity oxy-fuel (HVOF), hexavalent hard chrome plating, oven sintering, metal inert gas welding (MIG), and thermal spray since these conventional technologies have lower metal cladding efficiency and are relatively time-consuming.
The global main manufacturers of Laser Cladding Material include Oerlikon Metco, Höganäs AB, Praxair S.T. Technology, Wall Colmonoy, FST, DURUM Verschleißschutz GmbH, Kennametal Stellite, Sentes-BIR, and Hongbo Laser, etc. In 2021, the global six largest players have a share approximately 87% in terms of revenue.
Global Laser Cladding Material Scope and Market Size
The global Laser Cladding Material market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Laser Cladding Material market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2017-2028.
By Company
Oerlikon Metco
Höganäs AB
Praxair S.T. Technology
Wall Colmonoy
FST
Sentes-BIR
DURUM Verschleißschutz GmbH
Kennametal Stellite
AMC Powders
Hongbo Laser
Henan Igood Wear-resisting Technology
Segment by Type
Iron Based Alloys
Nickel Based Alloys
Cobalt Based Alloys
Carbides and Carbide Blends
Others
Segment by Application
Aviation
Automotive & Transportation
Power Generation
Petrochemical Processing
Mining
Others
By Region
North America
USA
Canada
Mexico
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Others
Europe
Germany
France
UK
Italy
Russia
Spain
Others
South America
Brazil
Argentina
Others
Middle East & Africa
Saudi Arabia
Turkey
UAE
Others
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